Facts for Prelims (FFP)
Source: TOI
Context: Under the Foreign Contribution Regulation Act (FCRA), NGOs and associations registered to receive foreign contributions must now annually declare details of movable and immovable assets created using those contributions.
About the Foreign Contribution Regulation Act:
- FCRA was enacted during the Emergency in 1976amid apprehensions that foreign powers were interfering in India’s affairs by pumping money into the country through independent organisations.
- The law sought to regulate foreign donations to individuals and associations so that they functioned in a manner consistent with the values of a sovereign democratic republic.
